Reasons for Initiating Probate
The probate process begins after a family member dies and someone, either the executor of the will or a family member, initiates proceedings in probate court. There are certain reasons why an estate would need to be probated. First, property that is owned solely in an individual’s name must always be probated. This applies even […]
First-Time Homebuyer Credit
If you purchased a home in 2009, or the first four months of 2010 and are a first-time homebuyer or a long-time resident purchasing a new home, you may be eligible to claim the First-Time Homebuyer Credit. Here are five key factors to consider when claiming the tax credit: You must enter into a binding […]